https://www.taxtmi.com/caselaws?id=277720 The Tribunal allowed the Revenue's appeal, reversing the CIT(A)'s order, and directed the Assessing Officer to rectify the depreciation claim as per the provisions of section 32(1)(iia), confirming that the rectification under section 154 was appropriate for this case. The Assessing Officer was directed to allow additional depreciation at 10% of the cost of machinery, amounting to Rs. 1,22,74,673/-. en-us Wed, 23 Sep 2015 00:00:00 +0530 Thu, 20 Dec 2018 05:56:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277720 The Tribunal allowed the Revenue's appeal, reversing the CIT(A)'s order, and directed the Assessing Officer to rectify the depreciation claim as per the provisions of section 32(1)(iia), confirming that the rectification under section 154 was appropriate for this case. The Assessing Officer was directed to allow additional depreciation at 10% of the cost of machinery, amounting to Rs. 1,22,74,673/-. Case-Laws Income Tax Wed, 23 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277720